Rocket Companies (RKT) stock surged 5.72% in Thursday's trading session, following the revelation that Soros Fund Management has taken a significant position in the company. The move by the renowned investment firm has sparked investor interest and confidence in the mortgage lender.

According to a regulatory filing, Soros Fund Management reported a new stake of 360,400 Class A shares in Rocket Companies. This disclosure, which reflects holdings as of March 31, 2025, represents a notable vote of confidence from one of the world's most closely watched investment firms. The news likely triggered increased buying activity, contributing to the stock's impressive gains.

While the broader market showed mixed performance, with the Dow Jones Industrial Average rising 0.65% and the NASDAQ Composite Index falling 0.18%, Rocket Companies significantly outperformed its peers. The stock's movement suggests that investors are optimistic about the company's prospects, particularly given the backing of Soros Fund Management. However, it's worth noting that Rocket Companies' stock still remains well below its 52-week high of $21.38, achieved on September 18th of the previous year, indicating potential room for further growth.